Mumbai IPS Officer's Husband Arrested In Rs 24-Crore Housing Flat Scam

Purushottam Chavan, husband of IPS officer Rashmi Karandikar, was arrested by Mumbai EOW for a multi-crore scam involving promises of discounted flats.

Already in custody for a Rs 263 crore IT refund fraud investigated by the ED, Chavan is accused of cheating victims and possessing forged property documents. (Representational Image)

Source : ABPLIVE AI

Indian Police Services (IPS) officer Rashmi Karandikar's husband, Purushottam Chavan has been arrested by the Economic Offences Wing (EOW) of the Mumbai Police in a multi-crore scam.  

Chavan has been accused of cheating victims with promises of discounted flats in prime areas such as South Mumbai and Lower Parel under government schemes, reported India Today. 

He was already in judicial custody for his involvement in a Rs 263 crore Income Tax return fraud case being probed by the Enforcement Directorate (ED). On Tuesday, the EOW took his custody based on disclosures made by the enforcement agency. 

IT Refund Scam

Chavan was arrested by the ED last year for accepting Rs 12 crore from accused individuals in the IT refund scam. He had allegedly promised to help the accused individuals avoid arrests.

The ED had found multipleforged documents, including fake Transfer of Development Rights (TDR) papers and land deals valued at over Rs 100 crores during searches at his residence. As per the report, these documents were allegedly used to dup potential property buyers. 

The findings by the ED were passed on to Mumbai Police, prompting FIR in the matter by EOW and the current arrest. 

ED Probe Against Chavan 

Last year, the enforcement agency attached assets worth Rs 14.02 crore under the Prevention of Money Laundering Act (PMLA) in the Rs 263 crore Income Tax refund scam. 

The properties attached included a flat in Mumbai belonging to Chavan, land in Lonavala and Khandala belonging to Rajesh Batreja, bank balances, insurance policies and fixed deposits of others accused, as per the report. 

The ED probe was based on an FIR filed by the Central Bureau of Investigation against Tanaji Mandal Adhikari and others for generating fraudulent TDS refunds from the Income Tax Department.